Volkswagen reported its weakest monthly growth rate so far this year

Article by Christian A., on August 25, 2010

Volkswagen AG reported its weakest monthly growth rate to date this year, making it issue a warning that business has become difficult. VW said that in July, it delivered 572,200 vehicles, 2.9% increase from a year ago. This is a marked drop from the double-digit increases that it has had in recent months.

In a statement, sales chief Christian Klingler said that in the next months, VW will still be on its growth path with its model range and that it will outpace its rivals. But he says that this will be a challenge since this goal is placed in an operating environment that is again becoming difficult.

Klingler added that since the incentive programs have ended, the global automotive market is expected to drop in the second half of the year. He also doesn't think that European sales will return to the pre-crisis levels this year.

Even so, group vehicle sales went past the 4 million mark for the first time ever during the first seven months of 2010, due mainly to the success of its core VW and Audi brands in China.

In a statement, VW said that aside from the Golf family and the Tiguan, the demand in China for the Lavida, Passat Lingyu, Jetta and New Bora models had been incredibly high. Volkswagen has set a goal to surpass Toyota Motor Corp. in deliveries and profitability by 2018.

Topics: vw, sales

If you liked the article, share on:

Comments

Recommended

As seasons change, temperatures rise and fall. The changes affect our preferences when it comes to driving cars. Therefore, Aston Martin introduces the new DB11 Volante or convertible, and it...
by - October 16, 2017
Aston Martin may be known for building many of the stylish Bond cars we see on the big screen but nobody really knew how it can get super aggressive when...
by - October 16, 2017
Today, manual transmissions have become rare in mainstream cars and are more commonly found in performance cars within the $20,000 to $40,000 range. However, the selection of affordable, three-pedal performance...
by - October 16, 2017
We expected to see the BMW i8 Roadster at last month’s 2017 Frankfurt Motor Show, but it never made an appearance. So the question on fans’ lips now is when...
by - October 16, 2017
Jaguar has just released the first official image of its newest offering, the new Jaguar XEL. Essentially the long-wheelbase version of the Jaguar XE compact sedan, the new Jaguar XEL...
by - October 14, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries